[ANN] .0014 BTC per GH/s - 12 month contract **www.BitcoinCloudServices.com**

[markcoins]

Wow, I would love to earn that much per day! Good catch deko!

However, I would not doubt that it's a real contract. I am sure most are willing to jump on-board simply because of the costs - even for 133 BTC. Some miners that I know racked up and are holding on to 1000's of Bitcoins before the big price jump a while back.  I joined and invested with BitcoinCloudService too, nowhere near that amount, and I've been extremely happy so far. I figure in 3-months - I break even. I am sure that's what this investor thinks too. If this investor is right, then after 3 month's, he'd be making a fortune. This is a volatile and risky market we play in and we are all looking for the best way to maximize our profits.

As cautious as I am, I am still optimistic about BCS. I've been receiving daily pay-outs and every question I asked them was answered promptly - even the stupid ones. Gabriel is quick to respond and is acting very transparently in my eyes. I sincerely hope these guys can become bigger and better than CEX.io.

[Darkster]

Bought a contract too. Hopefully all works fine, better then CEX.io it's too expensive.

[dekodoge]

Can anyone tell me where BCS's profit comes from?

[markcoins]

I would assume it comes from mining.

They started in March which was a more than three months ago. I first saw their advertisements in late June. To me this means, they probably went in debt to buy some mining equipment and paid it off in the first few months. This is much as the case if you were to do this yourself. The average pay-off for most equipment is 3 months. I suspect that if you buy in bulk, on the order of 100's of TH/s, it would probably cost a lot less than what you or I might spend, and so I suspect this is what BCS did as well.

Believe me, I've thought about doing something like BCS myself. It's certainly a way to make a name in the BTC community. I do not exactly know what BCS' model is. Much like other companies who are profitable, I would assume they don't want everyone to know all their secrets, but the above stated is my best speculation.

If they did release a picture of their mining equipment or a video, like CEX did, they would probably get better reception. However, if they did release a video or a picture, that might also let everyone know which kind of mining equipment is being used - thus leading everyone to their vendor instead of their own website. Either way, they could certainly use some good PR after all of this.

[dekodoge]

Well just doing a little more dot joining.

Check the FAQs

https://www.genesis-mining.com/faq

If it is profitable, then why are you not mining yourself?
Besides the fact that we do mine ourselves with the very same hardware that we offer to our clients, our capital is limited. We believe that altcoin mining is highly profitable, however, we do not want to "put all our eggs in one basket".

Where is your mining farm located?
For security concerns we do not disclose the exact location of our mining farms. As of June 2014 we operate three farms, that are located in Europe, America and Asia. Electricity and availability of cooling are important (but not the only) criteria.

https://support.bitcoincloudservices.com/hc/en-us

If it is profitable, then why are you not mining yourself?
Besides the fact that we do mine ourselves with the very same hardware that we offer to our clients, our capital is limited. We offer a win win business model.

Where is your mining farm located?
For security reasons we do not disclose the exact location of our mining facilities. Our mines are located in the UK, US and South America.

Either same lot or just copy pasta.

[markcoins]

Wow, I suppose that is peculiar - a little "Rand Paul" style.

I am not defending the fact that their FAQ section looks a little like someone else's. For that matter, the website looks similar too. But, these two businesses sort of operate the same way. If I wanted to get off the ground myself, I would probably learn (aka. copy and paste some ideas) from my competitors too. My guess is that BCS is probably still working on their website as I have seen it change a few times in the past couple of weeks. As a web-developer, I looked at the HTML source for both sites. Genesis does look a bit more polished. I wonder if they had the same developer? As Kleinman mentioned, this web-developer was used on multiple sites.

BTW, I appreciate your insight and holding BCS's feet to the fire, Dekodoge. Your comments were what first prompted me to join and respond to this forum in the first place. I've learned so much about this company in the past few days than I have in the first week I was researching them. As a small investor in BCS (<1 BTC) I am not inclined to dismiss the possibility of scam, but, at the same time, I am seeing payouts daily and can get a response from these guys whenever I want - which I must say is very reassuring. Don't get me wrong, I have been burned in the past - I am not naive to this game. I certainly hope three months from now, I can tell you I've got my investment back. Until then, I am sure everyone appreciates these warnings. As well, I am sure the investors appreciate it when BCS defends their business.

[btccloudservices]

Hi.

Wow, a lot of information in this topic this weekend. We'll respond shortly ( after today's payout).  We'll keep you posted.

[Mike18feb]

Mostly questions, followed by more questions 

The "46TH/s" account, I bet that's Gabriel, mining for himself with the very same hardware that's offered to clients 

But... I'll see the updates tomorrow.

[hiddensphinx]

+1 Gabriel and BCS

-1 CEX.io and their huge fees

[dekodoge]

Looking at last nights payout would indicated around 200TH/s in use!!!!

Website shows:

Hashrate: 136 TH/s (Maybe this is the customer purchased amount) and the rest is used by them to mine for themselves.

[hiddensphinx]

dekodoge woof woof woof!

https://doge.rapidhash.net/index.php?page=statistics&action=round&user=dekodoge

[dekodoge]

Wow you can google. 

[lsnv]

Why on this pictures https://www.bitcoincloudservices.com/product/bitcoin-cloud-mining-contract/
i see easy pc towers for scrypt, not bitcoin asics?
May be you are created finance pyramid, not cloud mining?

p.s. sorry for my bad english.

[dekodoge]

Don't worry Gabriel will soon be online to explain it all.

[s1lverbox]

why the hell someone will buy let say 5Th/s for 14.5btc?

Please explain me this.This is just so silly.
simple s3(490Gh/s) cost 0.75Btc so 10 units would cost 7.65btc. Half the price of your contract.

beside i can sell my gear(s3) anytime i want while your contract cannot be sold and cannot be exchange.

How this will ROI?

[cardut]

why the hell someone will buy let say 5Th/s for 14.5btc?

Please explain me this.This is just so silly.
simple s3(490Gh/s) cost 0.75Btc so 10 units would cost 7.65btc. Half the price of your contract.

beside i can sell my gear(s3) anytime i want while your contract cannot be sold and cannot be exchange.

How this will ROI?

You got the point, there's something fishy around here

[btccloudservices]

Hi.

We also mine for ourselves.  We control this address https://blockchain.info/address/1NdoiXL5kaxedEAyQ1S629v93uxvaNd2zG

Until a customer buys this hashing power we'll transfer to their contract.

Our hashrate is included in our homepage and it's not 200TH/s.

This tool will help you figure out the expected ROI and our hashrate. http://www.bitcoinx.com/profit/


This is our payout address

https://blockchain.info/address/1BTCPayb5AdF8fSsR7oews2PpuVpRtamk6

We won't go into details of our mining operations, but I can only tell you that we have access to custom made hardware and cheap electricity.

This is not pyramid scheme (finance pyramid) , ALL our customers will break even and eventually profit. Our business model won't allow you to sell your hashrate (there are other services that  allow this).

I see a lot of newbies that suddenly are  interested in questioning our business model. Nice.

Our website in relatively new, and it'll be updated constantly. And we know that there are changes that need to be made.

We are here  to stay and will continue to mine for our customers.


Tomorrow's payout will be published here shortly-

[dekodoge]

What about the copy paste Gabriel, choosing to ignore that. Was that also your bad web designer.

Secrets we can't tell you, pull the other one.

Gabriel how about we meet and  I visit your UK mine!!

[Mike18feb]

Hmmm, after the time taken to consider an answer, I was expecting something more prosaic. This is rather... shrug worthy

[btccloudservices]

Today's Payout

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